When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. Contrary to popular belief, the Bitcoin white paper and the message in the genesis block can’t be taken away from the idea that central banks and governments need to recognize, adopt, and regulate bitcoin for everyone’s benefit.

Separating Money From the Church of Politics

“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

–Bitcoin white paper

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

-Bitcoin genesis block’s coinbase parameter message

In the same way that it would be absurd to force Catholic Church beliefs upon others through a government, so it is absurd to think that strangers in this collective abstraction called the “state” should have the ability to decide how we spend our money or interfere with our financial lives.

Imagine a neighbor demanding that you show your wallet daily to them. If the amount exceeds a certain amount you must pay them a percentage. Imagine that there is a neighbor who doesn’t like you, and that you can’t transact with them. For example, lending five dollars to a friend could be considered a violation of the rules and can lead to horrendous, violent consequences. You will be punished for breaking these rules, in terms of your time, money, and health. All of this can be explained by the fact that your neighbor is trying to protect you against bad actors.

Infrastructure Bill Shows Regulators Continue Sapping Bitcoin of Its Utility

This past week many in the crypto community have been in a tizzy over the new $1.2 trillion infrastructure bill that was just approved by the U.S. senate. Individual crypto asset owners, miners, app developers, miners and other major players in the crypto industry have all expressed concern at the vague definition of what constitutes a “crypto broker” and said that innovation will soon flee the U.S.’s draconian policies for more friendly and open-minded countries.

Technically, the verbiage of the massive 2,702-page bill could even classify someone who merely facilitates trades of crypto and fiat for a friend regularly as a “broker” responsible for reporting to the IRS. We all know what happens when you get in trouble with your weird neighbors. They’ll show no mercy, and even eat their own. This is not to mention the fact that most of the parties would find it virtually impossible to report on the invasive procedures.

The strangers who live down the street from the big edifices of Washington, D.C. are more important than the neighbor with the crazy idea. Most people believe that the strangers who work in government edifices around the world are special. They are exempted from the common morality, justice and respect we expect of our neighbors. They are gods and have the right to decide how money is spent. Without or with your consent.

A tragedy is that many crypto enthusiasts will allow strangers in D.C. to determine their financial futures. They even beg them for mercy regarding their personal finances.

Perhaps this isn’t the right place to go into the “but it’s just how it works, that’s how society is set-up” objections. This article would be far too long. Suffice to say, there are ultimately two roads we can go down regarding crypto: live and let live via voluntary consent, or violent force against peaceful people. This is the lazy, pragmatic path. However, this pragmatic approach has caused a lot of heartbreaks and tragedy. That’s probably the most understated statement in recorded history.

The Scapegoating of Bitcoin: Climate Change, Terror, and Money Laundering

With this new U.S. infrastructure bill (now moved to the House of Representatives which is on recess until September 20), the EU’s plans to track all bitcoin transactions and ban anonymous wallets, the massive momentum CBDCs are gaining worldwide as countries responsible for 90% of the world’s GDP research and trial them — it is clear we are on the cusp of something unprecedented. Even the sacred realm of decentralized finance (defi) is no longer safe, with U.S. Securities and Exchange Commission Chairman Gary Gensler recently calling for more authority to regulate defi.

Contrary Satoshi’s vision of peer-to-peer electronic money without the need of a financial institution and in accordance with his vision, the picture is becoming one instead of centralized, coercive, control over private finance. Privacy and autonomy in money, in other words, are being made out as relics to be traded in for antiquated ideas of kings ruling peasants, disguised as modern and sensible “regulation.”

In lockstep with the discrepancy-ridden narrative about a deadly disease, we see a new strain of virus grow ever more powerful: an unapologetic strain of economic surveillance and the invasive copping and destruction of innovative financial technologies for people everywhere who are in dire need of economic freedom. This is supposedly because Bitcoin is dangerous for the environment and criminals use it. In psychology, this is what is called “projection.”

But there are cold hard facts:

• Terror and destruction of the earth are the specialty of the state, not internet money.
• Destruction of economies and livelihoods is the specialty of the state. Permissionless internet money is saving people from government folly.
• Statistically, almost all financial crimes are still conducted in fiat currencies. It is not a contest. Reports for 2020 show that crimes in fiat were estimated to account for $1.4 trillion dollars. The same estimates put crypto crime at about $10.5 billion.
• Slavery and stealing are wrong, no matter what form they take, or how stylish they are made out to be.

I will get to the slavery section at the end. It is clear that, although politicians give democracy endless lip service, the people who are supposed to be representatives of government are becoming increasingly voiceless. While some may be well-intentioned, we should politely ask our dangerous neighbors in D.C. for help. No amount of pleading can make a difference if the channels for change are corrupted. Luckily, crypto doesn’t require political permission.

We need an unanimous vote on the NEW compromise crypto provision. Get in touch with your senator immediately.

Request them to support the Toomey–Lummis–Warner compromise crypto amend, in order to ensure that we don’t significantly expand financial surveillance and harm innovation.

517-200-9518

It takes 30 secs. pic.twitter.com/23tUIh2LP2

— Naomi Brockwell (@naomibrockwell) August 9, 2021

How To Experience Crypto Freedom Now

In three words: Just use it.

Pay for things. Tipp your friends. It can be invested. It should be kept in non-custodial pockets. It can be purchased from individuals face-to-face and online. It can be concealed from corrupt and privacy-invasive governments and institutions. They are ignored. You can build a highly successful start-up. Or, do nothing at all. You can do everything in accordance with legacy finance models, or any other options. I do not care. However, I won’t try to force you to do things my way. This is the game of government.

There is a serious risk of doing peaceful and completely moral things in the current paradigm. This speaks volumes about the current state of the world. It may not be wise for everyone to rush headfirst into the IRS offices shouting that they will never pay them again. However, crypto’s utility has been lost without permissionless, direct economic action.

“Just use your credit card, bro.” Yes, it has lost its utility. But I’m going .”

rich

Yes, you will be rich in a dystopian, closed-down world. Maybe you can spend your fortune on something to help improve your social credit score so you’ll have a chance at flying out of the country for a vacation next year.

Money is a tool that helps us live our lives to the fullest. Without economic freedom, it is impossible to enjoy life’s ups or downs, love, adventure, and fun. The majority of people in cryptocurrency today seem to not understand what freedom is. The philosophical battle is worthwhile for those who do understand, even though it may end up costing us dearly. It may seem paradoxical at first glance, but it is not. Although the battle is over, the war is still on. It’s clear that the idea is already in place, and that’s what’s most important.

“Number Go Up” is therefore very exciting because it gives you greater access to opportunities, tools, and leverage to make the world happier and more free.

To say that these goals — maximum peace, economic freedom and non-violation by the non-violent — would be impossible to achieve because the current system is no longer viable or practical, it’s “utopian” to say they are unworkable. This is like saying that farming depends on slave labor and cannot be changed. This is a lazy excuse. Satoshi Nakamoto was a force for change and helped finance become a more free place. If money can evolve in such a way, so can societies across the globe.

Personally, it doesn’t matter if I win or lose during my life. I’m happy because the idea is here, because I can fight for it, and because I can use crypto however I damn well please, right here, and right now. This is all about human dignity to me. I hope my son’s generation, and all generations after him, will be able to laugh at the absurdity of this whole mess. Let’s get rid of the violence and religion of politics in favor of a free economy.

What are your thoughts on the new U.S. infrastructure bill as it relates to Satoshi Nakamoto’s white paper? Please leave your comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, ART production

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